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What are the benefits of HomeownerFlex?

HomeownerFlex unlocks borrowing options through a combination of your Coast Capital mortgage and a home equity line of credit, allowing you to access the equity in your home to help finance your goals and save money.

Lower interest rate Lower interest rate

At a rate lower than most borrowing options, finance a home improvement project, your next car, a family member’s education or consolidate your debt with a home equity line of credit.

More flexibility More flexibility

Split your borrowing across variable rate, fixed rate and home equity line of credit. Plus lock the variable portions at any time and enjoy flexible repayment options.

Convenient credit Convenient credit

Apply for a home equity line of credit once and borrow up to your credit limit whenever you need it through your Coast Capital chequing account, digital banking or in branch.

Save on fees Save on fees

Refinance your property without having to pay additional legal fees in most cases.

Get a member-preferred rate and expert advice

Our 5-Year Fixed High-Ratio Mortgage is one of Canada’s lowest advertised mortgage rates.1 Connect with a Mortgage Advisor to learn more about our great rates.

4.11% APR2

5-Year Fixed High-Ratio MortgageMortgage features include stability with a fixed rate and payments for the life of the term and is great for those that have a down payment of less than 20%.

4.46% APR2

5-Year Variable High-Ratio MortgageInterest rate varies with prime and is great for those that have a down payment of less than 20%. Mortgage features include the flexibility of converting into a fixed term at any time, penalty-free.

4.21% APR2

5-Year Fixed MortgageMortgage features include stability with a fixed rate and payments for the life of the term.

4.22% APR2

3-Year Fixed MortgageMortgage features include stability with a fixed rate and payments for the life of the term.

Questions about Coast Capital’s HomeownerFlex?

Yes, using the equity in your home as a way of borrowing money can be a good idea in certain circumstances. Home equity loans and lines of credit often offer lower interest rates than other forms of debt, like credit cards or personal loans. This can save you money over time.

Having a portion of your mortgage fixed and a portion variable can be a strategic approach to managing your mortgage payments. This hybrid approach offers a balance between the stability of fixed rates and the potential savings of variable rates.

Yes, speak to a Mortgage Advisor to explore your options today.

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Call at 1.888.517.7749

1. As of October 4, 2024, Coast's advertised rate on a 5-year fixed high ratio mortgage is lower when compared to the average of the 5-year fixed high ratio mortgage rates advertised by the big five banks, based on independent external third-party market research.

2. APR calculation is based on a $300,000 mortgage at a 25 year amortization, assuming an appraisal fee of $300 (which includes fees associated with determining the value of the property). If there are no additional cost of borrowing charges, the APR and the interest rate will be the same. The APR assumes that the interest rate does not vary over time. Rates are subject to Coast Capital's standard lending criteria.